Swire Pacific eyes $3 billion property IPO

04/16/2010 | Wall Street Journal, The

Swire Pacific has received the go-ahead for an initial public offering in Hong Kong that is expected to raise $3 billion, according to a source. It is likely to be the second-largest IPO in the Asia-Pacific region this year. Swire will use the proceeds to fund projects in Hong Kong and China as well as pay down debt.

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Wall Street Journal, The

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